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KenyaRe FY19 - FY23 (Both Inclusive)
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Ericsson
#261 Posted : Friday, June 21, 2019 7:48:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
VituVingiSana wrote:
obiero wrote:
guru267 wrote:
Once the new shares are credited, supply should drastically increase and the price will likely correct downwards from here. Still a willing buyer at 3bob and below.

Me too

But what about the case of the ex-CFO in court?
The potential loss of the mandatory cessions?
mandatory cessions will be renewed for another 5 years,I have talked to Rotich and he confirms it
And all the other scary stuff?
The huge level of receivables?

Let me deal with the boring stuff. You buy the exciting stuff.

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#262 Posted : Sunday, June 23, 2019 11:22:11 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,053
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
guru267 wrote:
Once the new shares are credited, supply should drastically increase and the price will likely correct downwards from here. Still a willing buyer at 3bob and below.

Me too

But what about the case of the ex-CFO in court?
The potential loss of the mandatory cessions?
And all the other scary stuff?
The huge level of receivables?

Let me deal with the boring stuff. You buy the exciting stuff.

What about the 2019 profit warning? High risk high return is my modus operandi

This is too risky. Don't risk your funds in KenRe. Stay away. Let the rest of us suffer by buying more KenRe.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#263 Posted : Sunday, June 23, 2019 11:25:14 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
guru267 wrote:
Once the new shares are credited, supply should drastically increase and the price will likely correct downwards from here. Still a willing buyer at 3bob and below.

Me too

But what about the case of the ex-CFO in court?
The potential loss of the mandatory cessions?
And all the other scary stuff?
The huge level of receivables?

Let me deal with the boring stuff. You buy the exciting stuff.

What about the 2019 profit warning? High risk high return is my modus operandi

This is too risky. Don't risk your funds in KenRe. Stay away. Let the rest of us suffer by buying more KenRe.

Hapa lazima tukutane kama majirani

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Ericsson
#264 Posted : Monday, June 24, 2019 12:24:35 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
obiero wrote:
Ericsson wrote:
Supply has dried out

Demand has dried out


Demand is back.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#265 Posted : Tuesday, June 25, 2019 8:28:23 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
Ericsson wrote:
obiero wrote:
Ericsson wrote:
Supply has dried out

Demand has dried out


Demand is back.

More interested in the price

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Ericsson
#266 Posted : Thursday, June 27, 2019 9:25:48 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
Regional reinsurance firm Zep-Re earnings dropped to Sh1 billion a 57.7 percent drop from Sh2.4 billon posted the previous year.
This prompted the board to halve dividend payout to 255 million.
Kenya, its largest market, posted 10.7 percent growth in premiums to $70.6 million (Sh7.2 billion), being a slower pace than the 32.8 percent growth booked in the previous year.
Kenya’s growth rate was lower compared with that of Zambia (37.5 percent), Zimbabwe (31.1 percent), Uganda (26.7 percent), India (13.7 percent) and Ethiopia (11.3 percent).
Net claims incurred last year rose 34.5 percent to Sh7.6 billion.
Net claims ratio was 61.9 percent compared to 49.9 percent the previous year, meaning higher costs were incurred in relation to the premiums earned.
Kenya Re has 19.3 percent stake — the largest— in Zep Re.

https://www.businessdail...72880-n0saxwz/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#267 Posted : Thursday, June 27, 2019 10:08:03 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,053
Location: Nairobi
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#268 Posted : Thursday, June 27, 2019 10:15:19 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
VituVingiSana wrote:
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#269 Posted : Thursday, June 27, 2019 10:31:42 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
VituVingiSana wrote:
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?

Wait for your dividend in a month's time.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#270 Posted : Thursday, June 27, 2019 10:36:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,053
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?

Wait for your dividend in a month's time.
They are trading xd. Next set of results in August?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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MaichBlack
#271 Posted : Thursday, June 27, 2019 12:09:25 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,451
VituVingiSana wrote:
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?

TO be honest, I would love it if the price could fall substantially I buy. I love low prices when buying.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Ericsson
#272 Posted : Thursday, June 27, 2019 12:51:23 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?

Wait for your dividend in a month's time.
They are trading xd. Next set of results in August?

Yes plus crediting to your account of the bonus shares
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Pesa Nane
#273 Posted : Thursday, June 27, 2019 2:16:57 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?

On this one, I am Obiero damu. I sold every last one of them xd, db. Waiting for Obiero's prediction to buy back. Pray
Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana
#274 Posted : Thursday, June 27, 2019 2:17:33 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,053
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?

Wait for your dividend in a month's time.
They are trading xd. Next set of results in August?

Yes plus crediting to your account of the bonus shares
Ahhh! Sellers may show up in spades. Nice. Use the dividend to help them exit! Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ebenyo
#275 Posted : Thursday, June 27, 2019 3:28:45 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?

Wait for your dividend in a month's time.
They are trading xd. Next set of results in August?

Yes plus crediting to your account of the bonus shares
Ahhh! Sellers may show up in spades. Nice. Use the dividend to help them exit! Applause



im also waiting for the crediting of bonus shares to buy more and help those who wish to exit!
Towards the goal of financial freedom
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guru267
#276 Posted : Monday, July 01, 2019 9:52:16 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?


Have the bonus shares been credited yet? Once this happens there should be an instant flood of supply which is currently not really backed up by any demand. But then again I could be wrong.

I'm still here waiting cash ready to put in an order at sub 3 bob.
Mark 12:29
Deuteronomy 4:16
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sparkly
#277 Posted : Monday, July 01, 2019 4:33:54 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
guru267 wrote:
VituVingiSana wrote:
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?


Have the bonus shares been credited yet? Once this happens there should be an instant flood of supply which is currently not really backed up by any demand. But then again I could be wrong.

I'm still here waiting cash ready to put in an order at sub 3 bob.


Predictions have a way of going wrong because many people may have a similar opinion and are ready to buy.
Life is short. Live passionately.
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Ericsson
#278 Posted : Tuesday, July 02, 2019 10:50:25 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
sparkly wrote:
guru267 wrote:
VituVingiSana wrote:
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?


Have the bonus shares been credited yet? Once this happens there should be an instant flood of supply which is currently not really backed up by any demand. But then again I could be wrong.

I'm still here waiting cash ready to put in an order at sub 3 bob.


Predictions have a way of going wrong because many people may have a similar opinion and are ready to buy.


By the time bonus shares are credited share price will be 4 something
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Superprime1
#279 Posted : Tuesday, July 02, 2019 12:21:49 PM
Rank: Member


Joined: 5/2/2018
Posts: 267
The market is interesting: Kenya Re is (and has always been) darn cheap, yet it wants to buy lower. On the other hand, CIC Insurance is overpriced. Why pay a premium on CIC when you can scoop value in Kenya Re?
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Ericsson
#280 Posted : Tuesday, July 02, 2019 12:35:15 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
Superprime1 wrote:
The market is interesting: Kenya Re is (and has always been) darn cheap, yet it wants to buy lower. On the other hand, CIC Insurance is overpriced. Why pay a premium on CIC when you can scoop value in Kenya Re?


Better have both.
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